Cenovus Energy Inc T.CVE

Alternate Symbol(s): CVE | CVE.WS | T.CVE.WT | T.CVE.PR.A | CNVEF | T.CVE.PR.B | T.CVE.PR.C | T.CVE.PR.E | T.CVE.PR.G

Energy Oil & Gas Integrated

Cenovus Energy Inc. is a Canada-based integrated energy company. The Company has oil and natural gas production operations in Canada and the Asia Pacific region, and upgrading, refining and marketing operations in Canada and the United States. The Company's segments include Upstream, Downstream, and Corporate and Eliminations. Its Upstream segment includes Oil Sands, Conventional, and Offshore. Its Downstream segment consists of Canadian Manufacturing, and United States Manufacturing. The Company's upstream operations include oil sands projects in northern Alberta, thermal and conventional crude oil, natural gas and natural gas liquids (NGLs) projects across Western Canada, crude oil production offshore Newfoundland and Labrador and natural gas and NGLs production offshore China and Indonesia. The Company's downstream operations include upgrading and refining operations in Canada and the United States, and commercial fuel operations across Canada.

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Cenovus Energy Inc > Oil Turns Lower On Rumors Of Imminent Iran Nuclear Deal

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Comment by TopStockBuyon Mar 03, 2022 8:53pm

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Post# 34481532

RE:Oil Turns Lower On Rumors Of Imminent Iran Nuclear Deal

My research says Iranian oil is already on the market and has been for quite some time. Biden knows it and has been ignoring the sanctions. More concerned about the price of gasoline. So how many additional barrels is unknown. Also, OPEC will work to bring them into the cartel.

Read today US Refineries won't touch Russian oil so embargo or no embargo, there will be very little oil coming out of russia. Tankers won't take their oil and the ones that will are tripple the cost.

Quintessential1 wrote: "While some remain transfixed with the idea that an Iran agreement will provide much needed relief (from rising oil prices), we again caution that the deal is still not done and the sums entailed would simply be too small to backfill a major Russian disruption," RBC Capital analyst Helima Croft wrote in a note cited by Reuters on Thursday.

https://oilprice.com/Energy/Oil-Prices/Oil-Turns-Lower-On-Rumors-Of-Imminent-Iran-Nuclear-Deal.html